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PKF: London hotels experience 'strong' 2011
London's hoteliers experienced a "strong" 2011 as regional operators reported a "solid" performance, according to the latest figures from PKF Hotel Consultancy Services.
In the capital, PKF said a 6.3 per cent year-on-year increase in rooms yield was driven by a 6.7 per cent growth in room rate to help offset a nominal decline in occupancy.
Meanwhile, regional hoteliers saw rooms yield grow by 0.8 per cent, with occupancy up by 1.5 per cent to nearly 71 per cent. However, room rate fell by 0.7 per cent to GBP62.31.
PKF Hotel Consultancy Services partner Robert Barnard said: "The performance of London hotels has been exceptionally strong throughout most of the year.
"Elsewhere, performance has been solid, everything considered. The lack of any meaningful new development prevented a more dramatic decline, and also helped occupancy to increase slightly."
Details: www.pkf.co.uk
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